June 9 2009 – Ready to ‘pop’?

Wed, Jun 10, 2009

US Commentary

I’m seeing this ‘holding’ pattern as a very solid positive. The market jumped last week and has been holding more or less ever since even though its been stretched to the upside in the short term. The stretch can lead to a snap-back, but the holding or sideways pause is very positive. The small changes we’ve made to this service are starting to show themselves in a positive light but obviously we’ll need more data to be sure. One of the “behind the scenes” changes is a distinction of what goes into Model Account recommendations and what doesn’t. You may have noticed slight differences in the chart, namely the strength of the trends – the Model Account exhibits trends that are that much more potent and hopefully more likely to ‘pop’ that little bit more.

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Nick Radge - who has written 898 posts on The Chartist.


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